International Aero Engines’ (IAE) next family of engines—the V2500 SelectThree—remains “on the drawing board,” IAE president and CEO Ian Aitken told ATW, “but I think the ink is now getting dry” (ATW Daily News, Nov. 15, 2011).
“Last September/October, I asked the engineers to go away and come back to me with what SelectThree could look like,” he explained. “They’ve gone away and talked to Airbus and talked to our ...

Settling into his new role as the head of IATA, director general and CEO Alexandre de Juniac has made clear his frustration with government policies that fail to recognize the value of aviation....More

The world’s airlines will continue their streak of collective profitability in 2017, but anticipated higher costs, coupled with a sluggish global economy that lead IATA forecasters to believe next year’s industry net profit will be almost $6 billion lower than 2016’s expected profit....More